Kotak Gold Exchange Traded Scheme
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|Risk||Moderately High risk|
|Fund Type||Sector - Precious Metals|
More about this fund
|Gold 1 Kg Fineness 0.995||97.87%|
|Net Current Assets/(Liabilities)||2.13%|
About Kotak Gold ETF
Kotak Gold ETF is an open-ended scheme which strives to generate returns that are similar to the ones generated from investment in physical gold. The units of the schemes are backed by actual gold held by Scotia Macotta which acts as the custodian. The scheme is suitable for medium to long-term investment.
Pros & Cons of Kotak Gold ETF
Kotak Gold ETF offers the following benefits:
1. The Kotak Gold ETF is ideal to generate sustainable returns without much risk.
2. However, Assets Under Management are less than 500 crores and the 2-year, 3-year, and 5-year returns are less than the average category returns.
Fund Information and Statistics of Kotak Gold ETF
i) Inception / Launch date
The Kotak Gold ETF was launched on July 27, 2007, by Kotak Mutual Funds.
ii) Risk level
Investment in the Kotak Gold ETF is a moderately high-risk bet and suitable for investment over a long-term time horizon.
The units can be redeemed at applicable NAV prices. The proceeds will be dispatched by the fund house within 10 days from the date of application for redemption.
iv) Fund Manager
The fund is managed by Mr Abhishek Bisen since April 15, 2008. He is a BA & MBA in finance and has previously worked with Securities Trading Corporation Of India Ltd.
v) Entry / Exit load
The fund house does not charge any entry load or exit load.
Tax benefits of investing in Kotak Gold ETF
The Short-term capital gain tax is applicable as per the income tax slab if sold before 36 months. If the investments are redeemed after 36 months, a long-term capital gain tax of 20% with indexation is levied.
About Kotak Mutual Funds
Kotak Mahindra Mutual Fund started in December 1998 is a wholly owned subsidy of Kotak Mahindra Bank Limited. The fund house strives to deliver consistent performance over the benchmark for optimum customer satisfaction. The fund house is trusted by over lakh investors across 80 cities and 84 branches.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns